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10/29/2026
Greetings and welcome to OMA's third quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I would now turn the conference over to your host, Vanessa Velasco. Please go ahead.
Hello, everyone. Thank you for standing by. Welcome to my third quarter 2026 earnings conference call. Thank you for joining us today as we discuss our company's performance and financial results for the past quarter. Joining us today are our CEOs, Ricardo Duenas and CFO, Ruffo Perez Pliego. Please be reminded that certain statements made during the course of our discussion today may constitute forward-looking statements which are based on current management expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including factors that may be beyond our control. And now, I'll turn the call over to Ricardo Duenas for his opening remarks.
Thank you, Vanessa. Good morning, everyone, and thank you for joining us today. This morning, Ruffo and I will review our quarterly operational and financial results and then we will be pleased to answer the questions. During the third quarter of 2026, OMA served 7.7 million passengers, reflecting a 1.3% increase year over year, while available seat capacity increased by 1.3%. Domestic passenger traffic grew by 0.6% as compared to the third quarter of 25, driven primarily by the San Luis Potosi Airport, which saw increases on the routes to the Felipe Angeles and Monterey airports. These routes collectively added over 35,000 passengers during the quarter, representing 91% of the total domestic passenger growth. International passenger traffic increased by 6%, mainly driven by our Monterey Airport with higher traffic on the New York, Madrid, and Paris routes. In terms of growth by airline, Volaris, which accounted for 27% of our total passenger traffic in the quarter, recorded a 14% growth versus the third quarter of last year, while Viva, which accounted for 49% of our total passenger traffic, recorded a 2% decline. Turning to our financial performance, aeronautical revenues increased 6.7% during the quarter, reflecting reflecting the tariff adjustment that became effective in April, partially offset by the PESO appreciation. Commercial revenues increased 11% compared to the third quarter of last year, and commercial revenues per passenger reached 66 pesos. Commercial revenue growth was mainly driven by VIP lounges, restaurants, and parking, mainly as a result of higher penetration, opening of new units, and the increase in passenger traffic. Occupancy of commercial space remained at 96% at the end of the quarter. Diversification revenues increased by 20% year-over-year, mainly driven by our OMA cargo business, where revenues increased 42%, reflecting new client operations, additional high-value cargo handling in Monterey, and higher average state of merchandise in our warehouses. Industrial service revenues reached 53 million pesos and increased of 13%, mainly attributable to a greater number of square meters. OMA's third quarter adjusted EBITDA increased 9% to 2.9 billion pesos, while the adjusted EBITDA margin expanded to 75%. On the capital expenditure side, total investment in the quarter, including MDP investment, major maintenance, and strategic investments, were 1.138 billion pesos. It is worth mentioning that next month we'll be opening an OMA premium launch in the Acapulco Airport, which is expected to further contribute to the growth of this important revenue source. We're also pleased to announce that we will begin the construction of the second hotel in the Monterey Airport, which will be operated under the Higher Place brand. The hotel will require an investment of approximately $17 million, will have 120 rooms, and is expected to begin operations in the fourth quarter of 28. The hotel in Monterey will be developed through our existing joint venture with Grupo Hotelero Santa Fe, in which they have a 15% ownership stake, and we will be the operator of the new hotel as well. We believe this development will further diversify our revenue stream and enhance the airport experience for travelers. I would now like to turn the call over to Ruffo Perez Pliego, who will discuss our financial highlights for the quarter.
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